If you’re planning to finance a new or pre-owned Cadillac, one of the things a prospective lender will look at is your credit score. Generally, the better your credit score, the more favorable your interest rate will be. This is why it makes sense to raise your score before starting the Cadillac financing process. Here are a few pointers from the professionals at Fields Cadillac St. Augustine.
Pay Off Any Debt You Owe
The first thing you should consider doing is paying off as much debt as you can. If your debt comes from different places, concentrate on paying off the smaller amounts, especially if it’s related to credit cards. If you can’t pay it completely, look into consolidating it to minimize the number of payments.
Fix Any Errors on Your Credit Report
When was the last time you looked at your credit report? Have you ever looked at it? One reason for your low score may be that there are errors in the report. This is why you should closely scrutinize it and contact the right people if there is anything questionable on it.
Start Automating Your Payments
One reason many people develop credit issues is that they forget to make payments. Even just one late payment can hurt your score, which is why you should consider automating your payments. This way, you’ll never have to worry about making any payments, as it will be done automatically.
Learn More at Fields Cadillac St. Augustine
If you have questions or concerns about credit or the financing process, get in touch with Fields Cadillac St. Augustine. You can also visit us and talk to one of our finance professionals in person. Contact us today!
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